Dubai’s Emaar Properties PJSC is reportedly considering a multibillion-dollar buyout of its listed construction arm, Emaar Development PJSC, which is valued at over $14 billion. The firm, which already owns 79% of the unit, could finalize a deal structure in the coming days. A full takeover would cost Emaar up to $3 billion.
Deliberations are ongoing, and no final decisions have been made on pricing or structure. The move follows a shareholder value review initiated over a month ago, with a board meeting scheduled to assess proposals. JPMorgan analysts suggest acquiring the remaining stake is one of several options to boost value, alongside mergers or spinoffs.
Emaar Development shares rose 10% this week but remain down roughly a third since the Iran war began. The potential deal comes amid broader market turbulence and follows a history of delistings in Dubai, including Emaar Malls and Damac Properties. Despite geopolitical tensions, Dubai’s housing market remains resilient, posting its second-best first half on record.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing